Andrew R. Harrison Sells 930 Shares of Alaska Air Group, Inc. (ALK) Stock

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Alaska Air Group, Inc. (NYSE:ALK) EVP Andrew R. Harrison sold 930 shares of the stock in a transaction on Monday, October 29th. The shares were sold at an average price of $62.55, for a total value of $58,171.50. Following the completion of the sale, the executive vice president now directly owns 21,562 shares of the company’s stock, valued at $1,348,703.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Alaska Air Group stock traded up $2.24 during trading hours on Tuesday, hitting $63.24. 1,252,200 shares of the company’s stock traded hands, compared to its average volume of 2,104,268. Alaska Air Group, Inc. has a 12-month low of $57.53 and a 12-month high of $76.06. The firm has a market cap of $7.57 billion, a PE ratio of 9.52, a P/E/G ratio of 3.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 25th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. Alaska Air Group had a return on equity of 15.51% and a net margin of 9.57%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.20 billion. As a group, equities analysts anticipate that Alaska Air Group, Inc. will post 4.23 EPS for the current fiscal year.

ALK has been the subject of a number of analyst reports. TheStreet raised Alaska Air Group from a “c+” rating to a “b-” rating in a research report on Wednesday, September 19th. Morgan Stanley set a $72.00 price target on Alaska Air Group and gave the company a “buy” rating in a research report on Friday, October 5th. Buckingham Research lowered their price target on Alaska Air Group from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, September 24th. Stifel Nicolaus lowered their price target on Alaska Air Group from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Finally, Deutsche Bank increased their price target on Alaska Air Group from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alaska Air Group presently has a consensus rating of “Hold” and a consensus price target of $76.69.

Institutional investors have recently made changes to their positions in the company. Vident Investment Advisory LLC grew its stake in shares of Alaska Air Group by 23.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 4,699 shares of the transportation company’s stock worth $284,000 after acquiring an additional 879 shares during the period. BancorpSouth Bank grew its stake in shares of Alaska Air Group by 12.5% during the 2nd quarter. BancorpSouth Bank now owns 7,989 shares of the transportation company’s stock worth $482,000 after acquiring an additional 885 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Alaska Air Group by 38.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,238 shares of the transportation company’s stock worth $196,000 after acquiring an additional 900 shares during the period. Mitchell Capital Management Co. grew its stake in shares of Alaska Air Group by 14.5% during the 2nd quarter. Mitchell Capital Management Co. now owns 7,214 shares of the transportation company’s stock worth $436,000 after acquiring an additional 916 shares during the period. Finally, Gibraltar Capital Management Inc. grew its stake in shares of Alaska Air Group by 1.2% during the 2nd quarter. Gibraltar Capital Management Inc. now owns 93,510 shares of the transportation company’s stock worth $5,647,000 after acquiring an additional 1,079 shares during the period. 88.62% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Insider Buying and Selling by Quarter for Alaska Air Group (NYSE:ALK)

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